摘要翻译：
本文表明，在不对市场不完全性和异质性的潜在根源采取立场的情况下，异质代理经济中的偏好是可识别的。虽然拟议的限制为这些参数提供了界限，但分布信息，如财政拮据的家庭的广泛差距，可以加强识别。本文使用西班牙数据进行了估计，并表明考虑广泛的边际有助于弥合相对风险厌恶和劳动供给弗里希弹性的宏观和微观估计之间的差距。这对衡量债券和股票市场的扭曲以及预测股票溢价都有影响。
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英文标题：
《Identifying Preferences when Markets are Incomplete》
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作者：
Andreas Tryphonides
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最新提交年份：
2021
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分类信息：

一级分类：Economics        经济学
二级分类：Econometrics        计量经济学
分类描述：Econometric Theory, Micro-Econometrics, Macro-Econometrics, Empirical Content of Economic Relations discovered via New Methods, Methodological Aspects of the Application of Statistical Inference to Economic Data.
计量经济学理论，微观计量经济学，宏观计量经济学，通过新方法发现的经济关系的实证内容，统计推论应用于经济数据的方法论方面。
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英文摘要：
  The paper shows that preferences in heterogeneous agent economies are identifiable without taking a stance on the underlying source of market incompleteness and heterogeneity. While the proposed restrictions deliver bounds for these parameters, distributional information such as the extensive margin of financially constrained households can sharpen identification. The paper provides estimates using Spanish data and shows that accounting for the extensive margin can contribute in bridging the gap between macro and micro estimates of relative risk aversion and the Frisch elasticity of labor supply. This has implications for measuring distortions in bond and equity markets and for predicting the equity premium.
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PDF链接：
https://arxiv.org/pdf/2005.02010